Dr. Hf. W. Luce of Yenching University on Depression "No depression ever was eternal," sold, Dr. Henry 'W. Luce, a resident of China between 1897 and. 1927, and father of Mr. Henry. R.- Luce, editor of "Fortune" and "Times' Dr Luce coined this phrase, while solicit: ing mission funds in 1921 and insists that it still holds "true, while ils corollary, the optimistic slogan of a. famous cigarette, he added, likewise gives cause for faith in the future It always has stopped rai Dr. Luce unfit recently professor fon China, Japan, and South Russia in the Martiord 'Theological Seminary, Is on a tour round the world, but' expects to spend the next. six months in China renewing old equaintanceships, leaving in December for Bangkok, Batavia, and the Mediterranean countries, His first trip will be to Yenching University, he being Vice-President Emeritus of that institution. He will bbe there for the graduation exercises which are being held two. weeks hence. "Alihough he planned" the Dulldings and campus, he has never seen the completed college. He also planned the buildings of the Cheeloo University (Shantung Christian Col lege), where he spent 20 years of his lite, and he will make a protracted stay there.
Mr. Henry R. Luce, his son, was born in Shantung province, 37 years ago, leaving for the United States at the' age of fourteen. It will be recalled that he paid visit to China two years ago. Of *Fortune," Dr. Luce added that the optimism of its sponsors was more than justified, its circulation having more than doubled the mark which they had in view.
'The Mereantite Bank of India, Ltd, timed their move to their' new spacious, cool, and comfortable offices ground floor of the Union first really sticky day' Shanghai has had this season and to seo each "member of the stof with ample "accommodation—a strong Contrast io the cramped existence they ed during the last few months in their former premises, the ground floor of the Yangize Insurance Butld-1g—was in itself good to behold and joy to clients, The history of the Mercantile Bank of India, Ltd., in Shanghai dates from 1917, when the present branch was Getablished in the ground floor of the Yangtze Insurance Building on the Bund, a position, which they occupied until that day.
Before 1917, many years ago, the hank existed under another name the Chartered Mercantile Bank, concern which was subsequently taken over enurely by the present bank, when the Chartered Mercantile Bank found there was insufcient business to warrant their maintaining a branch in Shanghai. 'The branch was closed and the agency held by. Messrs, Jardine, Matheson & Ca, Ltd, until 1917 when the present' bani, the] Mercantile Bank of India, Lid, reopened the Shanghai branch, which has been in existence ever since
Text read from the printed page and cleaned; old type leaves the occasional error.